Consumer purpose secured by rental property
09/03/2023
Is a consumer loan secured by a non-owner occupied rental dwelling considered business purpose due to the collateral?
You can reach Kathleen via email at kblanchard@keycomplianceservices.com,
09/03/2023
Is a consumer loan secured by a non-owner occupied rental dwelling considered business purpose due to the collateral?
10/16/2022
A loan is secured by a rental dwelling owned by our borrowers. The dwelling is rented out for vacations and our borrowers do use it for personal vacation time, but never for more than 14 days in a year. We are having a disagreement whether this is HMDA reportable or not. If reported, what occupany code do we use?
10/09/2022
A credit report and score was ordered but the report did not include a score. Should we report this as score and not a number?
10/02/2022
Our financial institution originated the permanent financing to replace a construction loan for a new dwelling that was provided by another financial institution. Should we report this as a purchase, even though we did not make the construction loan?
09/25/2022
Is an ADU a dwelling for HMDA purposes?
09/18/2022
We have a loan secured by an older mobile home and another security by an older floating home. Are these dwellings for HMDA purposes?
09/12/2022
A year end review revealed 6 errors on your LAR, must we resubmit?
03/28/2021
My financial institution has decided to use the 6 items that mandate TRID disclosures to trigger an application for HMDA. Is this an acceptable definition:
03/21/2021
Does an incomplete application for Regulation B mean an application is not HMDA reportable?
03/14/2021
Should a written application be required for all business purpose applications, including those for HMDA reportable transactions?